Presentation SCA interim report Q2 2011

5,787 views
5,572 views

Published on

Operating profit, excl. restruct. costs, decreased by 5% (increased by 1% excl. exchange rate effects) to SEK 4,262m. Net sales decreased by 2% (increased by 5% excl. exchange rate effects and divestments) to SEK 52,064m. Earnings per share rose 8% (13% excl. exchange rate effects) to SEK 3.85.

More info available on http://www.sca.com/ir

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
5,787
On SlideShare
0
From Embeds
0
Number of Embeds
959
Actions
Shares
0
Downloads
6
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Presentation SCA interim report Q2 2011

  1. 1. Interim Report1 January – 30 June 2011 Interim Report Q2 2011
  2. 2. Increased raw material prices NBSK pulp Recovered paper - Europe USD/Metric tonne10751050 USD/metric ton 190 EUR / ton10251000 975 170 950 925 900 875 150 850 825 800 130 775 750 725 110 700 675 650 90 625 600 575 550 70 525 500 475 50 450 425 400 30 -98 -99 -00 -01 -02 -03 -04 -05 -06 -07 -08 -09 -10 -11 -00 -01 -02 -03 -04 -05 -06 -07 -08 -09 -10 -11 NBSK PIX Value OCC ONP/OMG Recovered paper - US Oil based material 1,75 USD/short ton USD/short ton EUR / kg450 1,50400350 1,25300 1,00250200 0,75150 0,50100 0,2550 0 0,00 -93 -94 -95 -96 -97 -98 -99 -00 -01 -02 -03 -04 -05 -06 -07 -08 -09 -10 -11 jan-03 jan-04 jan-05 jan-06 jan-07 jan-08 jan-09 jan-10 jan-11 High grade deinking Polyethylene (PE) Bags, backsheet, pack.film Propylene (Contract fd) Superabsorbent Oil (eur/kg) Polypropylene (PP homo) NW, Fibres2 Interim Report Q2 2011
  3. 3. Summary – H1 2011 vs H1 2010 Sales increased 5%*  Hygiene business  Higher volumes  Good growth in emerging markets • Personal care, 9%** • Tissue, 9%**  Packaging and Forest Products  Packaging volumes increased 2% • Corrugated volumes decreased 2% • Corrugated prices increased 13%  Publication paper volumes decreased 1%  Solid-wood product volumes increased 16% EBIT increased 1%***  Higher prices and volumes  Cost savings  Significantly higher raw material costs, SEK 2.1bn  Higher distribution costs  Negative currency impact, SEK 600m Profit before tax decreased 1%*** Cash flow from current operations: SEK 1,840m* Adjusted for exchange rate movements and divestments** Adjusted for exchange rate movements*** Excluding restructuring costs and adjusted for exchange rate movements 3 Interim Report Q2 2011
  4. 4. Summary - Q2 2011 vs Q2 2010 Sales increased 6%*  Hygiene business  Higher volumes  Good growth in emerging markets • Personal care, 11%* • Tissue, 9%*  Packaging and Forest Products  Packaging volumes flat • Corrugated volumes decreased 3% • Corrugated prices increased 12%  Publication paper volumes increased 4%  Solid-wood product volumes increased 19% EBIT decreased 7%**  Higher prices and volumes  Cost savings  Significantly higher raw material costs, SEK 900m  Higher distribution costs  Negative currency impact, SEK 300m Profit before tax decreased 10%** Cash flow from current operations: SEK 1,487m* Adjusted for exchange rate movements** Excluding restructuring costs and adjusted for exchange rate movements 4 Interim Report Q2 2011
  5. 5. H1 2011 results SEK millions H1 H1 Change, Change, unless otherwise stated 2011 2010 % %** Net sales 52,064 53,266 -2 5 *** EBIT* 4,262 4,467 -5 1 EBIT margin* (%) 8.2 8.4 Profit before tax* 3,683 3,944 -7 -1 Earnings per share (SEK) 3.85 3.57 8 13 Cash flow from current operations 1,840 2,816 Debt/Equity ratio 0.55 0.62* Adjusted for restructuring costs in 2010** Adjusted for exchange rate movements*** Adjusted for exchange rate movements and divestments 5 Interim Report Q2 2011
  6. 6. Q2 2011 results SEK millions Q2 Q2 Change, Change, unless otherwise stated 2011 2010 % %** Net sales 26,671 27,067 -1 6 EBIT* 2,150 2,440 -12 -7 EBIT margin* (%) 8.1 9.0 Profit before tax* 1,873 2,196 -15 -10 Earnings per share (SEK) 1.96 2.04 -4 +1 Cash flow from current operations 1,487 1,668* Adjusted for restructuring costs in 2010** Adjusted for exchange rate movements 6 Interim Report Q2 2011
  7. 7. Q2 2011 vs. Q1 2011Summary Group  Sales increased 5%  Higher volumes and prices  EBIT increased 2%  Higher volumes and prices  Higher raw material costs  Profit before tax increased 3% Business areas  Personal Care, EBIT flat  Higher volumes  Higher raw material costs  Tissue, EBIT increased 7%  Higher volumes  Packaging, EBIT decreased 3%  Higher prices  Higher volumes  Higher raw material costs  Forest Products, EBIT increased 7%  Lower raw material costs7 Interim Report Q2 2011
  8. 8. Personal Care Q2 2011 vs Q2 2010 6,418  Sales decreased by 5% (+4%*) 6,116  Incontinence care increased 2%* -5%  Baby diapers increased 8%*  Feminine care increased 1%*  Emerging markets 11%* • Incontinence care 5%*SALES SEKm Q2 2011 Q2 2010 • Baby diapers 20%* • Feminine care 2%* 753** 582  EBIT decreased by 23%** (-18%***) -23%**  Higher volumes  Cost savingsEBIT SEKm Q2 2011 Q2 2010  Significantly higher raw material costsEBIT margin 9.5% 11.7%*** Excluding exchange rate effects** Excluding restructuring costs*** Excluding restructuring costs and exchange rate effects 8 Interim Report Q2 2011
  9. 9. Tissue Q2 2011 vs Q2 2010  Sales decreased by 5% (+4%*) 9,609 10,064  Consumer tissue increased 4%*  AFH tissue increased 6%* -5%  Emerging markets 9%* • Consumer tissue 8%* • AFH tissue 11%* Q2 2011 Q2 2010  EBIT decreased by 16% (-8%*)  Higher prices 791  Changed product mix 668  Higher volumes -16%  Higher raw material, energy and distribution costsEBIT SEKm Q2 2011 Q2 2010EBIT margin 7.0% 7.9%* Excluding exchange rate effects 9 Interim Report Q2 2011
  10. 10. Packaging Q2 2011 vs Q2 2010  Sales increased by 1% (+11%*) 6,856 6,770  Higher prices 1%  Lower volumes due to divestments  EBIT increased 53% (62%**) SALES SEKm Q2 2011 Q2 2010  Higher prices and volumes  Cost savings 467  Higher raw material costs, SEK 500m 53% 306  Negative currency impact EBIT SEKm Q2 2011 Q2 2010 EBIT margin 6.8% 4.5%* Excluding exchange rate effects and divestments** Excluding exchange rate effects 10 Interim Report Q2 2011
  11. 11. Forest Products Q2 2011 vs Q2 2010  Sales increased by 6%(8%*) 4,566 4,308  Higher prices for publication papers and pulp 6%  Higher volumes  EBIT decreased by 23%  Higher raw material and energy costs  Negative currency impactSALES SEKm Q2 2011 Q2 2010 691 532 -23%EBIT SEKm Q2 2011 Q2 2010EBIT margin 11.7% 16.0%* Excluding exchange rate effects 11 Interim Report Q2 2011
  12. 12. Outlook 2011 Good demand for all businesses Good growth in Emerging markets for Hygiene businesses Continued high raw material costs Increasing corrugated prices Price increases for Personal Care, Tissue and publication papers during H212 Interim Report Q2 2011
  13. 13. Q&A13 Interim Report Q2 2011
  14. 14. IR Contacts: Johan Karlsson, VP Investor Relations Jessica Ölvestad, Manager Investor Relations Tel: +46 8 788 51 30 Tel: +46 8 788 52 82 Email: ir@sca.com Website: www.sca.com14 Interim Report Q2 2011

×